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H.R. 1081: Charitable Giving Tax Deduction Act

The text of the bill below is as of Feb 15, 2021 (Introduced).



1st Session

H. R. 1081


February 15, 2021

(for himself and Mr. Cuellar) introduced the following bill; which was referred to the Committee on Ways and Means


To amend the Internal Revenue Code of 1986 to allow the deduction for charitable contributions as an above-the-line deduction.


Short title

This Act may be cited as the Charitable Giving Tax Deduction Act.


Deduction for charitable contributions allowed in determining adjusted gross income


In general

Section 62(a) of the Internal Revenue Code of 1986 is amended by inserting after paragraph (7) the following new paragraph:


Charitable contributions

The deduction allowed under section 170.



Conforming amendment

Section 170(b)(1)(H) of such Code is amended by striking (computed without regard to any net operating loss carryback to the taxable year under section 172). and inserting the following:

computed without regard to—


section 62(a)(8), and


any net operating loss carryback to the taxable year under section 172.



Repeal of superseded provisions

Section 212 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (other than subsection (c) thereof) is repealed and each provision of law amended by such section (other than such subsection) is amended to read as such provision would read if such section had never been enacted.


Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2020.